OptionsCity rolls out Metro to Parity Energy

First Published 24th March 2011

OptionsCity rolls out Metro to Parity Energy

Hazem Dawani, President and CEO, OptionsCity

"We are now able to provide our customers with connectivity to Parity Energy's OTC markets."

OptionsCity Software, Inc., a provider of an end-to-end
electronic trading platform, has announced that it is a certified
vendor on Parity Energy's electronic trading platform.

"We are thrilled to bring OptionsCity on as a certified vendor
enabling their customers to trade OTC crude oil and natural gas
options on a high-performance system such as Metro," says Charles
Reyl, CEO of Parity Energy. "The Parity Energy Platform (PEP)
provides liquidity providers, hedgers and financial participants
with electronic access to the OTC markets clearing through
ClearPort and ICE Clear. Metro will allow market makers to reach
Parity Energy's host of institutional customers very
effectively.".

"We are now able to provide our customers with connectivity to
Parity Energy's OTC markets, which provides options traders with
diversity in the products they trade in the energy space," says
Hazem Dawani, President and CEO of OptionsCity. "Additionally,
this presents us with an opportunity to serve new clients who
trade OTC and need access to this important market."

OptionsCity® Metro is a fully configurable electronic trading
and market making platform that creates a distinctive edge by
enabling options traders to have full control over trading,
safety, and risk management. OptionsCity® Metro was built on
power, speed, reliability, and a way for options traders to
simplify a complicated process. Metro's intuitive interface
provides options traders with a powerful solution that has a
dynamic quoting engine, mitigates risk substantially, and lowers
high-scale costs.